Traditional industry classification systems group companies into a sector based on their primary business segment, thereby treating each company as one entity with a single product line. Secondary and ...

Industry classification usually refers to the North American Industry Classification System used by federal agencies as a way to collect statistical data relating to the U.S. economy. In 1997, NAICS ...

Have you ever been confused about when to use the term industry versus sector? If so you’re not alone. These two terms are often used interchangeably, but there actually is a small difference in ...

For over 60 years, the Standard Industrial Classification (SIC) system has served as a widely accepted structure for the analysis of businesses participating in the US economy. Marketers have long ...

In this era of data-driven economy, it is a necessity to distinguish and categorize business to comply with regulatory requirements, market research, and business-related decision-making. Standardized ...